Tesla Inc (NASDAQ:TSLA) Director Antonio J. Gracias sold 16,780 shares of the stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $348.22, for a total transaction of $5,843,131.60. Following the sale, the director now directly owns 17,018 shares in the company, valued at $5,926,007.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
TSLA traded down $1.71 on Friday, hitting $305.80. 5,835,071 shares of the company were exchanged, compared to its average volume of 7,824,473. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.81. Tesla Inc has a fifty-two week low of $244.59 and a fifty-two week high of $387.46.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.93. The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.09 billion. Tesla had a negative net margin of 4.55% and a negative return on equity of 19.08%. The company’s revenue for the quarter was up 119.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($3.04) earnings per share. On average, sell-side analysts predict that Tesla Inc will post 1.89 earnings per share for the current year.
A number of brokerages have recently issued reports on TSLA. ValuEngine upgraded shares of Tesla from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th. Wolfe Research raised their price target on shares of Tesla from $410.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, December 6th. Zacks Investment Research upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating and set a $381.00 price target for the company in a report on Tuesday, October 30th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $396.00 target price on shares of Tesla in a report on Thursday, October 25th. Finally, Oppenheimer reiterated a “buy” rating and issued a $418.00 target price on shares of Tesla in a report on Thursday, October 25th. Fourteen equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $325.03.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Tesla by 0.8% during the third quarter. Vanguard Group Inc. now owns 7,036,426 shares of the electric vehicle producer’s stock worth $1,863,034,000 after purchasing an additional 59,018 shares during the period. Vanguard Group Inc increased its position in shares of Tesla by 0.8% in the third quarter. Vanguard Group Inc now owns 7,036,426 shares of the electric vehicle producer’s stock worth $1,863,034,000 after acquiring an additional 59,018 shares in the last quarter. Capital World Investors increased its position in shares of Tesla by 11.9% in the third quarter. Capital World Investors now owns 6,817,290 shares of the electric vehicle producer’s stock worth $1,805,014,000 after acquiring an additional 726,703 shares in the last quarter. Jennison Associates LLC grew its holdings in Tesla by 10.5% during the 4th quarter. Jennison Associates LLC now owns 5,322,358 shares of the electric vehicle producer’s stock valued at $1,771,281,000 after purchasing an additional 505,076 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in Tesla by 1.0% during the 3rd quarter. Primecap Management Co. CA now owns 1,106,015 shares of the electric vehicle producer’s stock valued at $292,840,000 after purchasing an additional 10,900 shares in the last quarter. 57.20% of the stock is currently owned by institutional investors.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
Recommended Story: Why is the LIBOR significant?